EGBs continue to await the outcome of...>

EGB SUMMARY: EGBs continue to await the outcome of the EU Summit. A spokesman

for Charles Michel has stated that the plenary session has been moved from

1500BST to 1600BST (1000ET to 1100ET). This is to give time for technical

briefings for the leaders beforehand. However, ahead of the talks Dutch PM Rutte

said that some leaders are "getting agitated at times" according to Bloomberg.

- There is no timetable for how long talks will continue. At present it seems as

though talks will continue late into the night.

- Peripheral spreads have gradually tightened throughout the day. ** Latest

levels:

* Sep Bund futures (RX) up 23 ticks at 176.5 (L: 175.77 / H: 176.54)

* Germany: The 2-Yr yield is down 0.9bps at -0.673%, 5-Yr is down 2.1bps at

-0.665%, 10-Yr is down 2.2bps at -0.469%, and 30-Yr is down 2.8bps at -0.031%.

* Sep BTP futures (IK) up 101 ticks at 145.77 (L: 144.92 / H: 145.96)

* Italy / German 10-Yr spread 5.6bps tighter at 156.1bps

* Sep OAT futures (OA) up 39 ticks at 168.28 (L: 167.61 / H: 168.37)